Gov’t eyes bringing down unemployment to 8.5% by 2022

The government is targeting bringing down unemployment rates to reach 8.5% by FY2021-2022, according to information from the Planning Ministry picked up by Youm7. The ministry also expects unemployment to drop to 10.4% during the upcoming fiscal year. Unemployment had dropped to 10.6% in 1Q2018, down from 11.3% in the comparable period last year, according to CAPMAS statistics released last week.